FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2016

FAIR VALUE MEASUREMENTS

Schedule of the carrying amount and estimated fair value of assets and liabilities measured on recurring basis

	2016
September 30 (millions)	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3
Assets
Investments held in rabbi trusts		$ 1.3		$ 1.3		$    -		$     -
Foreign currency forward contracts		46.7		-		46.7		-
Interest rate swap agreements		5.1		-		5.1		-
Liabilities
Foreign currency forward contracts		52.5		-		52.5		-
Interest rate swap agreements		12.7		-		12.7		-
Contingent consideration		12.6		-		-		12.6

	2015
December 31 (millions)	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3
Assets
Investments held in rabbi trusts		$ 2.0		$ 2.0		$    -		$    -
Foreign currency forward contracts		111.2		-		111.2		-
Contingent consideration		0.3		-		-		0.3
Liabilities
Foreign currency forward contracts		35.9		-		35.9		-
Interest rate swap agreements		5.4		-		5.4		-
Contingent consideration		15.9		-		-		15.9

Schedule of changes in net fair value of contingent consideration

(millions)
Contingent consideration, December 31, 2015	$ 15.6
Amount recognized at transaction date	-
Losses (gains) recognized in earnings	(2.4)
Settlements	-
Foreign currency translation	(0.6)
Contingent consideration, September 30, 2016	$ 12.6

Schedule of carrying amount and estimated fair value of long-term debt

	September 30				December 31
	2016				2015
	Carrying		Fair		Carrying		Fair
(millions)	Amount		Value		Amount		Value
Long-term debt, including current maturities		$ 6,548.3		$ 7,095.0		$ 5,829.6		$ 6,113.6